International Standards Organisation (ISO) kicks off work to create world’s first climate finance standard

First planning meeting to take place in France on Feb 8/9.

The International Standards Organisation (ISO), the world’s biggest voluntary standards setter, is recruiting investors and other stakeholders to help develop what could become the first internationally-approved certificate for climate performance. The Geneva-based body, which represents 163 national standards bodies covering more than 21,000 global standards, aims to create ISO Standard 14097 aimed at investors and policymakers, which could be a major step in standardizing the way investors account for climate data in their reporting.
The final outcomes of the project have not been finalized but an initial meeting to ‘sketch out’ the programme will be held in Angers, France on February 8th-9th, in coordination with broader ISO meetings. There will also be a related webinar for those unable to attend in person held on February 7th, 2017, at 3 PM CET. Interested parties can RSVP to attend either the working group session or the webinar by writing to: first event will be open to anyone interested in the subject; after which viable candidates will be put in contact with their national standards body to seek approval to join the working group.
Stan Dupré, founder of Paris-based think-tank, 2°c Investing Initiative, and Massamba Thioye, head of financial institution relations for the UNFCCC, are co-chairs of the process, which Dupre hopes will result in guidelines and certifiable standards for how investors and companies are aligning with the objectives of the Paris Agreement, among other things.
“All types of finance sector experts are invited to take part, whatever their role in the investment chain,” Dupré told RI, adding that “we will primarily try to get people with actual expertise on the topic”, rather than C-level candidates. The second meeting will be held in Canada, with webinars made available for those members who cannot travel.

Read the RI analysis article: How ISO 14097 could become the kite mark for measurable climate finance